service tax on advance payments received

SATYENDRA KR. GUPTA (C.A.FINAL) (242 Points)

05 March 2009  

Dear Friends

Please tell me about the advance payment received on 15.02.2009 against the  job work which is complete near end of  March ,2009  and bill will be raised on those .

In this particular problem service tax liability due for the M/o Feb,2009 @ 10.30% or 12.36 % ?

Waiting for your Support

Thanks

Jai Ho

S.K.GUPTA